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The Best Investment Strategy ? Getting Out Of Our Own Way
Thank you for this updated reference to one of Carl Richards most famous napkin sketches. Nothing is more effective at making an important point than a simple drawing. Richards is great at this task.
Here is a Link to a composite of many of his earlier investment gems made memorable by his illustrations:
There is a ton of investment wisdom embedded in these child-like sketches.
Your posting is a nice addition to your earlier submittals: these make a succinct passive investment trilogy. For completeness and member convenience, I’ve internally Linked to the two previous posts:
Our own worst enemies. Yup. At least, if we're guilty of buying high rather than low, we might at least wait until the investment goes higher, before selling.
I think you have accomplished your mission as no doubt your help has helped make this the best investment board on the planet. I have linked M*’s Board for easy access below. Look around their board and read some of the discussions. No doubt the better action is found here.
Comments
Hi Ted,
Thank you for this updated reference to one of Carl Richards most famous napkin sketches. Nothing is more effective at making an important point than a simple drawing. Richards is great at this task.
Here is a Link to a composite of many of his earlier investment gems made memorable by his illustrations:
http://www.google.com/images?hl=en&q=carl+richards+sketches&gbv=2&sa=X&oi=image_result_group&ei=MWUWU5fEJ4Lp2QXdsICYAQ&ved=0CCwQsAQ
There is a ton of investment wisdom embedded in these child-like sketches.
Your posting is a nice addition to your earlier submittals: these make a succinct passive investment trilogy. For completeness and member convenience, I’ve internally Linked to the two previous posts:
http://www.mutualfundobserver.com:80/discuss/discussion/11780/mutual-funds-far-outperform-mutual-fund-investors#latest
And,
http://www.mutualfundobserver.com:80/discuss/discussion/11772/actively-managed-or-index-funds-why-not-both
If anyone is a Richards fan or wish to learn more about his investment philosophy, here is a Link to his many video presentations:
http://vimeo.com/behaviorgap/videos
Carl Richards is a very talented man.
Ted, please keep up the wonderfully informed and useful research. You really do keep the fires burning hot and bright.
Best Wishes.
I think you have accomplished your mission as no doubt your help has helped make this the best investment board on the planet. I have linked M*’s Board for easy access below. Look around their board and read some of the discussions. No doubt the better action is found here.
http://socialize.morningstar.com/NewSocialize/forums/default.aspx
Old_Skeet